What is unit costing?
Answers were Sorted based on User's Feedback
Answer / krishna kumar u.a
It is a method of ascertaining the cost per unit of output.
Total Cost
cost per unit = ____________
Number of Units
| Is This Answer Correct ? | 16 Yes | 2 No |
Answer / venkat
in simple terms
Unit cost=total cost/total units produced
| Is This Answer Correct ? | 24 Yes | 11 No |
Answer / krisshnareddygujju
Unit costing is a means of recording all the costs - direct
and indirect - associated with the delivery of services.
Total cost of service provision divided by the total amount
of service provided
| Is This Answer Correct ? | 30 Yes | 18 No |
Answer / pallavi
unit costing is a technique of ascertaining cost incurred
in producing a single unit of a commodity by a firm.
| Is This Answer Correct ? | 12 Yes | 2 No |
Answer / vandana ray
Individual cost of an item or unit is called unit costing and simple formula is:
Unit Cost= Total Cost/ Total nos. of units
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / sanjeev
without BOM and Routing cost is unit cost. basically cost inccured by material process BOM Routing job work etc. so think is like cost is occuring but without process BOM Routing job work called UNIT COST.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / ganeshram
the unit costing is created by base planning object.example done by components of material(cement,sand,aggregate) required on 1m^3.then now the value are assign at 1m^3 example 500rs.
now calculate total m^3. the base planning object are assign at kke1
| Is This Answer Correct ? | 0 Yes | 0 No |
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